FASB Webcast and Webinar Series

IN FOCUS: 2019 GAAP and SEC Reporting Taxonomy Improvements and SEC Update

Date: Thursday, April 4, 2019

Time: 1:00–2:15 p.m. Eastern Daylight Time

Program Description: The Financial Accounting Standards Board (FASB) is pleased to announce an upcoming webcast that will discuss improvements to the 2019 GAAP Financial Reporting Taxonomy for recently issued FASB Accounting Standards Updates (ASUs) and to the 2019 SEC Reporting Taxonomy based on feedback and internal analysis (collectively referred to as the 2019 Taxonomy Releases). The FASB staff also will discuss available Taxonomy Implementation Guides and their application to recently effective standards. In addition, the U.S. Securities and Exchange Commission (SEC) staff will provide an update.

Learning Objectives: Through this session, participants will gain a better understanding of how improvements in the 2019 Taxonomy Releases which include those from recent ASUs will affect registrant XBRL filings. They will also learn about implementation guidance that is available to assist in the understanding and use of the Taxonomy. The agenda will include:
  • An update from the SEC staff
  • Discussion of the application of the Taxonomy for ASUs that are effective this year:
    • Leases
    • Share-Based Compensation.
  • Improvements to the 2019 Taxonomy for:
    •  New ASUs
    • Revenue.
  • Implementation Guides including an Inline XBRL version for select guides.
Participants will have the opportunity to email questions to the panelists before and during the event.

Speakers: Louis Matherne, FASB Chief of Taxonomy Development; Donna Johaneman, FASB Senior Project Manager—XBRL; David Shaw, FASB Project Manager—XBRL; Melissa Nicholson, FASB Project Manager—XBRL; Vickie Lusniak, FASB Manager—XBRL, Communication Liaison & Education Support; Elena Kirillova, FASB Assistant Project Manager—XBRL; Mike Willis, Assistant Director, Office of Structured Disclosure, U.S. SEC and Julie Marlowe, Senior Staff Accountant, Office of Structured Disclosure, U.S. SEC.

Delivery Method: Group-internet based

Program Level: Overview

Program Prerequisites: None

Advanced Preparation Needed: Participants are encouraged to review the 2019 GAAP Financial Reporting Taxonomy (available at http://www.fasb.org). They also are encouraged to review the supporting materials listed on the FASB Taxonomy page at www.fasb.org.

Recommended CPE and Field of Study: 1.5 hours; Specialized Knowledge and Applications; final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.

Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by email as soon as possible if the course is cancelled for any reason.

Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact CPEDirector@fasb.org.

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The Financial Accounting Foundation/FASB/GASB is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBAregistry.org/cpas/complaints

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